question archive Shanigan Goods purchases $20,000 of inventory during the period and sells $18,000 of it for $30,000
Shanigan Goods purchases $20,000 of inventory during the period and sells $18,000 of it for $30,000
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Shanigan Goods purchases $20,000 of inventory during the period and sells $18,000 of it for $30,000. Beginning of the period inventory was $3,000. What is the company's inventory balance to be reported on its balance sheet at year end?
A. $ 5,000
B. $ 3,000
C. $ 2,000
D. $18,000
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